Amazon Nears Acquisition of Fintech Platform Axio - Funding Raised

Amazon Nears Acquisition of Fintech Platform Axio

Amazon is in advanced talks to acquire online lending platform Axio for $150-175 million. This marks Amazon’s second acquisition in India this year, following the purchase of MX Player’s assets. The deal aims to enhance Amazon Pay’s BNPL services, with Axio currently powering over 80% of Amazon’s BNPL volume.

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